Coffee prices tilt lower in American trade

2017-02-27 20:18:40 GMT (Economies.com)
Coffee prices tilt lower in American trade

Coffee futures tilted lower in American trade as the dollar index edged higher according to their inverse relation, which follows a basket of data form the U.S., the world's largest economy.
 
As of 08:41 GMT, coffee futures due on March 16 shed 0.19% to $166.46 a pound from the opening of $166.77, with a session-low at $166.31, and a high at $167.08, while the dollar index added 0.08% to 101.17 from the opening of 101.12.
 
Earlier U.S. data showed durable goods orders rose 1.8% in January, besting expectations of 1.6%, and compared to December's 0.5% fall, revised lower from minus 0.4%.
 
Core orders, which exclude transportation, fell 0.2%, missing expectations of a 0.5% rise, and compared to December's 0.9% rise.

Finally, pending home sales fell 2.8% in January, missing expectations of a 1.1% rise, and compared to December's 1.6% rise.

 
 
 
  Symbol Last Change Chg.%
1.1943
0.0041
0.3424%
1.3930
0.0036
0.2559%
Tadawul
10919.68
6.62
0.06%
26.072
0.083
0.319%
73.600
1.774
2.470%
75.56
0.32
0.43%
1778.325
-0.065
0.004%
 
 
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